In the face of a housing crisis and growing environmental concerns, housing associations are presented with a unique opportunity to explore innovative solutions that serve both their organizational objectives and the community. Property guardianship offers a promising avenue to tackle the issue of empty properties while reaping a range of benefits. In this blog, we will delve into the advantages of property guardianship for housing associations with numerous vacant properties and how it can create a win-win scenario for all stakeholders involved.
1. Mitigating Vacancy Costs
One of the most significant challenges faced by housing associations is the financial burden posed by empty properties. Maintenance, security, and utility costs can quickly accumulate, draining valuable resources. Property guardianship presents a cost-effective solution, where carefully selected guardians occupy these vacant spaces, shouldering the burden of utility costs and helping to maintain the property in a habitable condition.
2. Enhanced Security and Maintenance
Empty properties are susceptible to vandalism, theft, and deterioration. With property guardians living on-site, the risk of such incidents is significantly reduced. These responsible occupants act as a strong deterrent to potential intruders, providing an added layer of security for the property. Furthermore, property guardians often take pride in their temporary homes, ensuring regular maintenance and prompt reporting of any issues, thus preserving the property’s condition.
3. Supporting the Community
By collaborating with property guardianship agencies, housing associations can contribute to their local communities. Property guardians are often carefully selected individuals who actively participate in community events and initiatives. Their presence fosters a sense of security and stability in the neighborhood, positively impacting local residents and businesses.
4. Transitionary Solutions
Property guardianship offers housing associations the flexibility to pursue long-term development plans while simultaneously addressing the pressing issue of empty properties. As property values fluctuate and development projects take shape, property guardians can provide a seamless and temporary solution, ensuring these properties remain productive until their future use is determined.
5. Sustainable Approach
Embracing property guardianship aligns with the principles of sustainability. Rather than allowing buildings to remain unoccupied, this housing model promotes responsible use and minimizes the need for new constructions. By repurposing existing properties, housing associations contribute to environmental conservation and the reduction of urban sprawl.
6. Supporting Housing Initiatives
In regions facing housing shortages, property guardianship can play a pivotal role in accommodating vulnerable populations, such as key workers and young professionals. Housing associations can collaborate with local authorities and organizations to ensure that property guardianship aligns with broader housing initiatives and addresses specific community needs.
For housing associations grappling with numerous empty properties, property guardianship emerges as a compelling and multifaceted solution. Beyond mitigating vacancy costs and enhancing security, this innovative approach contributes to community support, sustainable practices, and flexible development strategies. By harnessing the power of property guardianship, housing associations can create a positive impact, both on their organization’s bottom line and on the lives of those they serve. As we navigate the future of housing, property guardianship stands as a beacon of opportunity, fostering a resilient and thriving community for all. Global Guardians has worked with many housing associations to protect their empty properties, saving them security costs that have been used to fund redevelopment in the local area.